Zurich Futura Review - Best Whole of Life Insurance in UAE

11-Sep-2013 16:38:00
Reading time: 4 min
Zurich Futura Review

Zurich Futura Review

Life insurance can be much more than providing money for your family money in your absence.

Futura is a Flexible, Whole of Life Insurance policy providing life cover, living benefits and cash surrender value to complement your retirement savings. 

Zurich Futura UAE is a Flexible Whole of Life Insurance

Zurich Futura UAE is Flexible. 

Click here to read how It can adapt to changes in your life.

It is ideal, If you..

  1. Are between ages 18 to 45
  2. Need Life Cover, Critical Illness benefit and other riders for a long-term
  3. Want a flexible plan, capable of adapting to your changing life situations
  4. Are looking for a hybrid plan insurance and investment, which can serve as a forced savings towards your retirement
  5. You are looking for an insurance plan with a shorter premium payment term.

Although a Term Insurance is the simplest and most affordable type of life insurance policy, it is only ideal for cover terms less than 25 years.

If you are looking for a cover term longer than 25 years, then a Futura would be more suitable and economical.

Scope of the Plan

Futura is primarily designed to pay a cash lump sum on death. It also has an array of additional living benefits also known as riders.

They pay out in case you are unable to earn due to severe illness, accident, disability or hospitalisation.

These riders are optional; you can add them to your policy at a small additional cost to enhance the scope of cover.

How does it work?


Zurich Futura UAE - How does it work?

Zurich Futura is designed to provide life insurance,  and access to a wide range of Investment funds to help you Grow Wealth and Protect Loss of Income. It also allows partial or full encasement at any time.

The best choice of Investment Funds

The following are some of the Investments available on Zurich Futura Plan
  1. Zurich Managed Funds like US dollar Blue Chip, US dollar Performance. The managed funds have shown consistent performance since 1988. Although past performance does not guarantee future growth, you can get a fair idea of the potential when you look at more than 32 years of performance.
  2. Target Date funds - An automatic investment strategy with a target maturity date and optimized risk reward tradeoff. 
  3. Equity Funds for growth of capital - Investing in Technology, Health Science and other prominent funds
  4. Bond Funds to protect capital - Investing in Sovereign, Corporate and High Yield Bonds
  5. Commodities Funds - Investing in precision metals like Gold and Silver
  6. Mixed Asset Funds - Investing in a Blend of Equity, Bonds, Commodity and Property

In simple words, It is the Best Whole of Life Insurance with an investment option aiming to provide maximum benefits at a minimum premium.

Fund Performance - Crucial

The Investment aspect and strategy of Zurich Futura plays a significant role in determining and maintaining the level of your benefits(Life Insurance, Critical Illness Insurance etc...) on the plan.

Effectively managing your plan's fund performance is key to the sustainability of your plan for the “Whole of Life”.

Click here to know how to improve your policy's fund performance.

As a Financial Adviser, I have met many people in Dubai, who have been sold a Zurich Futura by a tricky banker or a sneaky financial advisor, as an investment plan or a guaranteed whole of life insurance plan. 

They were shocked to find out that it is not what they believed the policy to be!

It is very critical that you read and understand the terms and conditions of any insurance or an investment plan, before signing on the dotted line, no matter how trustworthy your financial advisor or banker is.

Click here to view the terms and conditions of Futura UAE

International Protection

Zurich Futura UAE aims to continue to provide protection, even if you move permanently to another country.Zurich Futura UAE provides protection, even if you move permanently to another country. 

As Expats, our primary concern and sometimes the only concern, while availing an insurance or investment in UAE is whether the particular plan will continue to provide the benefits if we move out of UAE for good.

The Futura aims to continue to provide protection, even if you move permanently to another country.

The portability is subject to exclusions based on your travel, residency history and your plans, at the time of availing the policy.

Sum at Risk

Zurich Futura works on a Sum at Risk basis.

Which means that the insurance premium is charged on the difference of the sum assured and the account value on a particular date.

For, E.g., If John had signed up for a Futura in 2001 of  $ 100,000 life cover. His current balance in the investment account is $20,000 then his premiums will be charged on $80,000, even though the sum assured is $100,000/-

Zuirch Futura UAE - Works on the basis of Sum At Risk The sum at Risk is the difference between the actual sum assured and the value of funds in the investment account.

Who can apply?

In UAE, all residents over 18 years of age can apply for a Futura.

Even companies or Trusts can avail a Futura on the lives of its employees, directors, partners, and trustees.

You can avail this plan on Single Life, Joint Life First Death, Joint life Both Death or on Joint Life last Death Basis

What are the riders available on Zurich Futura?

Critical Illness Cover

Futura in UAE includes 36 Critical Illnesses including children critical illness.

This benefit provides a cash lump sum amount if you are diagnosed with a critical illness, or undergo a medical procedure covered under this policy.

A waiting period of 90 days from the start of the policy is applicable.

Payment of a critical illness claim will reduce the life cover amount for the relevant life insured by the claim.

Click here to view the Critical Illness list and details of Zurich Futura

Family income benefit

A series of regular payments, paid in the event of the death of the insured. The term of family-income benefit can be up to 40 years from the inception of the policy. 

Click here to know more about the Family Income Benefit

Family Term Income Benefit

A series of regular payments, paid in the event of the death of the insured. The term of family-income benefit can be up to 40 years from the time of a death claim.

Click here to know more about the Fixed Term Income Benefit

The accidental death benefit

Is paid in addition to the life cover; where the life insured dies as a result of an accident.

Hospitalisation benefit

Is payable if the life insured is hospitalised for more than three consecutive days. This benefit is valid up to the age of 70.

Accidental dismemberment benefit

Pays a lump sum if the life insured loses sight or limb as the result of an accident.

Permanent and total disability benefit

Pays a lump sum amount if the life insured is diagnosed as permanently and totally disabled.

Waiver of premium benefit 

Zurich will waive your premiums if you are unable to work through accident or illness.

Free Aeroplane cover

Is paid if life insured dies as a fare-paying passenger on a commercial airline. This benefit is provided free of charge.

Why should you choose Futura?

Zurich Futura : What are the benefits?

Click here to know the top 5 reasons, why I use Zurich Futura?

What should you consider before signing on the dotted line?

  1. The premium is usually higher than the term insurance, but it offers benefits that are not available in a term insurance
  2. The premiums are reviewed every five years; they may go up if the fund performance is not up to the mark
  3. It is more suitable for long term protection needs and for those who are looking for forced retirement savings.

How to Apply?

Call me at +97150-2285405 or arrange a Free Initial meeting with me to discuss your protection needs and solutions.

Click Here to Arrange a Free Consultation


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